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Hey Nerds: Blockchain

Preston said:
I LOVE YOU!!! YOU'RE FULLY ON TEAM FORUMICE ICE CAPITAL!!! THUMB AND KONG BABY LETS FUCKING GET IT
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Make that MSOS now, as well. Only option to participate further because the Schwab account only had a few bucks in it.

What did you say about not liking MSOS? They have 20% of junk in their holdings, and they charge fees? I don't know how the ETF charges fees when I just own its shares through my brokerage.
 
Anyway, let's see how this goes.

I don't understand the way the ETF moves in price though. It seems to just open higher or lower and then stays within a tight range until the next day.
 
LeafOfFaith said:
Make that MSOS now, as well. Only option to participate further because the Schwab account only had a few bucks in it.

What did you say about not liking MSOS? They have 20% of junk in their holdings, and they charge fees? I don't know how the ETF charges fees when I just own its shares through my brokerage.
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Junk is aggressive. They hold some CBD plays with is a very over-saturated market and largely trash. But IIPR and GRGW are decent enough. They're listed on big board exchanges but trading at huge huge valuations. So if/when the Thumbs of the world uplist, I suspect the GRGWs and IIPRs won't take part in the re-rating that most folks expect.

As for the fees... Every ETF has fees. Believe this one is 1%? Not sure.
 
LeafOfFaith said:
Make that MSOS now, as well. Only option to participate further because the Schwab account only had a few bucks in it.

What did you say about not liking MSOS? They have 20% of junk in their holdings, and they charge fees? I don't know how the ETF charges fees when I just own its shares through my brokerage.
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all ETFS charge fees, even SPY (though lower than MSOS) because ETFs are actively managed...someone has to buy the shares/fees/handle the credit....
 
LeafOfFaith said:
Anyway, let's see how this goes.

I don't understand the way the ETF moves in price though. It seems to just open higher or lower and then stays within a tight range until the next day.
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it gets rebalanced at the close everyday.....they are constantly adding/subtracting shares in their holdings

ie...they recently bot JayZ...so you get a piece of Beyonce, like it or not!
 
Here’s MSOS’s top holdings. 95% in the handful of names you guys talk about most. Where’s the junk? I don’t know what swap rec or swap pay means.


Green Thumb Industries Swap Rec
10.88%
Curaleaf Holdings Inc Swap Rec
10.37%
Cresco Labs Inc Swap Pay
10.26%
Cresco Labs Inc Swap Rec
10.01%
Trulieve Cannabis Swap Rec
9.99%
Curaleaf Holdings Inc Swap Pay
9.88%
Green Thumb Industries Swap Pay
9.64%
Trulieve Cannabis Swap Pay
9.56%
Terrascend Corp Swap Rec
7.24%
Terrascend Corp Swap Pay
7.15%
Total
94.99%
 
tl;dr buying MSOS is like getting a less handsome version of Preston to handle your pot stocks for you.... it'd be wrong not to pay him a small fee, wouldn't it
 
CH1 said:
tl;dr buying MSOS is like getting a less handsome version of Preston to handle your pot stocks for you.... it'd be wrong not to pay him a small fee, wouldn't it
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I’m just talking logistics. How do they get the fee out of me? It’s not like they can force me to pay anything. Never owned an ETF till now. Didn’t want to honestly, as I’d rather have just bought the two names, but Citi has spoken.
 
LeafOfFaith said:
Here’s MSOS’s top holdings. 95% in the handful of names you guys talk about most. Where’s the junk? I don’t know what swap rec or swap pay means.


Green Thumb Industries Swap Rec
10.88%
Curaleaf Holdings Inc Swap Rec
10.37%
Cresco Labs Inc Swap Pay
10.26%
Cresco Labs Inc Swap Rec
10.01%
Trulieve Cannabis Swap Rec
9.99%
Curaleaf Holdings Inc Swap Pay
9.88%
Green Thumb Industries Swap Pay
9.64%
Trulieve Cannabis Swap Pay
9.56%
Terrascend Corp Swap Rec
7.24%
Terrascend Corp Swap Pay
7.15%
Total
94.99%
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They hold a small amount of stuff like CBDMD, Charlotte's Web, Arena Pharmaceuticals. Not because they want to, but because they can't hold more than 80% of multi-state operators. It's not the end of the world.. I mean, look at the MSOS chart. It's pretty pretty pretty good.

I was mostly posting that a few pages ago so we have full disclosure here at Forumice Capital. I recommend the ETF despite the list of cons.
 
LeafOfFaith said:
Anyway, let's see how this goes.

I don't understand the way the ETF moves in price though. It seems to just open higher or lower and then stays within a tight range until the next day.
Click to expand...

dude, you just broke MSOS with your big dick energy....look at that giant volume bar/spike when you put in your order


Screen Shot 2021-02-02 at 12.26.50 PM.png
 
LeafOfFaith said:
I’m just talking logistics. How do they get the fee out of me? It’s not like they can force me to pay anything. Never owned an ETF till now. Didn’t want to honestly, as I’d rather have just bought the two names, but Citi has spoken.
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c'mon man...fee is baked in the price of the stock

price of MSOS = all the value of the stocks in the ETF - a small percentage
 
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